Riyadh - Sharikat Mubasher: The global fintech firm EquiLend announced that EFG Hermes, an EFG Holding company, is going live on its Next Generation Trading (NGT) platform, becoming EquiLend’s first trading client based in Saudi Arabia, and the first in the region to adopt full post-trade and trading automation via EquiLend.

In a recent statement, EquiLend unveiled that this milestone will enable streamlined, automated execution and lifecycle management, giving EFG Hermes greater access to global liquidity, improved visibility into activity, and more efficient operations across its securities finance business.

As the leading investment bank in the MENA region, EFG Hermes previously onboarded EquiLend’s post-trade services and now expands that relationship to include trading via EquiLend NGT.

Rich Grossi, CEO of EquiLend, stated that the partnership with EFG Hermes reflects the company’s commitment to delivering market-leading technology that meets the needs of companies across the GCC and the world. “We are proud to support the growth of Saudi Arabia’s securities finance market and look forward to further collaboration with leading institutions across the region,” he said.

For his part, Dimitri Arlando, Head of EMEA Sales at EquiLend, commented: “This is a significant milestone for EquiLend, the local Saudi Arabian market, and the securities finance industry.”

He noted that the partnership will further help EFG Hermes access more demand for Saudi equities from market participants across the globe.

Moreover, this milestone underscores EquiLend’s commitment to actively engaging with leading institutions across the region, providing solutions that drive efficiency, automation, and global connectivity in securities finance.